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Instructor:
Ambrish Dongre,
Office Hours: 10-11a.m., M & W (469, E2)
(If you don't find me there, please come to 491, E2.)
Class Timings: M W F; 2.00 p.m.- 3.10 p.m.
Location: Physical Sciences, 130
Guidelines for Writing the Research Paper.
Revised Weights (%):
Homeworks = 20; Mid Term= 25; Project= 20; Final= 35;
Final Exam: June 10 (Thursday); 8.00-11.00 a.m.
Prerequisite(s): courses 100A or 100M, and 113
Reference: Introductory Econometrics: A Modern Approach (Author: Jeffrey Wooldridge)
The copies will be placed on the reserves in the library.
Course Description:-
This course is a continuation of Econ 113. Econ 113 has already introduced you to the technique of Ordinary Least Squares (OLS), properties of OLS estimates, underlying assumptions and other issues.
We will learn some more advanced techniques of data analysis in this class, which are being routinely used in empirical research. The tentative list of topics to be covered in the course is as follows:
1) Regressions with Dummy Variables
2) Pooling Independent Cross Sections Across Time ; Difference-In-Difference Estimators
3) Panel Data Methods- Fixed Effects & Random Effects.
4) Instrument Variable Estimation and Two Stage Least Squares.
5) Linear Probability Model; Logit and Probit Models; Tobit Model; Censored and Truncated Regression Models.
6) Randomization and related topics.
7) Topics in Time Series.
There will be 4- 5 problem sets. There will be one mid-term and one comprehensive final.
Grading:- Problem Sets (30%), Mid-Term (30%), Final (40%)
We will use a statistical software called STATA for data analysis. No previous knowledge of STATA is required. I will introduce you to STATA in the class. You will solve problem sets using STATA. It is very easy to grasp and user-friendly (compared to R!!). You will pick it up in no time. More importantly, it is very widely used software. Knowledge of STATA will enhance your job-market prospects.
STATA version 8 is available on campus computers in all the PC labs. A map of these labs is here: http://ic.ucsc.edu/services/computer_labs/locations.php.
Accessing STATA:- You can access STATA by logging into the computer and going to the Start Menu> Class Folders>Economics>Stata 8. Alternatively, there is a folder, "Applications" on the Desktop which duplicates the Start Menu selections. So you could
open the Applications folder then open Class Folders, Economics, and then Stata 8.
Homework 1 (Due: Wednesday, April 7)
You will need this dataset to solve problem 2 in the homework.
Read the article, 'The Impact of Improved Highways on Indian Firms'
Reading this article will give you a good understanding of Difference-in-Difference Estimators. Homework 2 is based on this article.
Homework 2 (Due: April 14)
Homework 3 ( Due: April 30)
You will need rental, wagepan, murder datasets to solve the exercises in the homework.
The Answer key for homework 3. Homework 4 (Due: May 7)
You will need CARD data to solve problem 3 in the homework.
Homework 5 (Due: May 24)
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